Lepidico (ASX:LPD) Cash And Cash Equivalents : A$4.67 Mil (As of Jun. 2024)

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What is Lepidico Cash And Cash Equivalents?

Lepidico's quarterly cash and cash equivalents declined from Jun. 2023 (A$10.83 Mil) to Dec. 2023 (A$5.69 Mil) but then stayed the same from Dec. 2023 (A$5.69 Mil) to Jun. 2024 (A$4.67 Mil).

Lepidico's annual cash and cash equivalents increased from Jun. 2022 (A$8.04 Mil) to Jun. 2023 (A$10.83 Mil) but then declined from Jun. 2023 (A$10.83 Mil) to Jun. 2024 (A$4.67 Mil).

Lepidico Cash And Cash Equivalents Historical Data

The historical data trend for Lepidico's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Lepidico Cash And Cash Equivalents Chart

Lepidico Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash And Cash Equivalents

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4.79

14.74

8.04

10.83

4.67

Lepidico Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash And Cash Equivalents	Get a 7-Day Free Trial															8.04	17.05	10.83	5.69	4.67

Lepidico Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Lepidico (ASX:LPD) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Lepidico Cash And Cash Equivalents Related Terms

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Lepidico Business Description

Industry

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LPDNF:USA

Address

680 Murray Street, Suite 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.lepidico.com

Lepidico Ltd operates in the lithium industry. The company is focused on the exploration, development, and operation of lithium assets, particularly those containing lithium-rich mica minerals. It operates two reportable segments, being mineral exploration and development of its technologies including L-Max, LOH-Max, and S-Max. In addition, Lepidico is the owner and developer of the L-Max technology, a proprietary process that has the potential to commercially extract lithium and other valuable by-products from unconventional sources.

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